American Express Company (NYSE:AXP) has tumbled 4.79% during the past week and has dropped 3.22% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.64%. American Express Company (NYSE:AXP) has underperformed the index by 4.11% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
American Express Company (NYSE:AXP): The stock opened at $61.93 on Friday but the bulls could not build on the opening and the stock topped out at $62.43 for the day. The stock traded down to $61.62 during the day, due to lack of any buying support eventually closed down at $61.86 with a loss of -0.11% for the day. The stock had closed at $61.93 on the previous day. The total traded volume was 6,521,456 shares.
The company shares have dropped -22.86% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $81.92 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $64.45 and the 200 Day Moving Average price is recorded at $62.36.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Sobbott Susan, officer (Pres., Glbl Commercial Pymnts) of American Express Co, had unloaded 14,682 shares at an average price of $65.5 in a transaction dated on May 25, 2016. The total value of the transaction was worth $961,671.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on American Express Company (NYSE:AXP). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $62 per share to $67 per share. The rating by the firm was issued on June 7, 2016. Currently the company Insiders own 0.78% of American Express Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -33.31% . Institutional Investors own 83.87% of American Express Company shares. During last six month period, the net percent change held by insiders has seen a change of 31.79%.
American Express Company is a global services company. The Companys principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Companys segments include U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services. The Companys United States banking subsidiaries, Centurion Bank and AEBFSB, issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles card transactions.